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Ravenna in Houston

Name: Sales in Ravenna started!
Start: 2020-08-03T12:42:17.441853+00:00
End: 2023-12-31T23:59:59+0000
Location: Ravenna

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Project info

Object ID: 8389

Finished at	February 2018
Price, m²	From 2900$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 250.00 m²
Floors	3
Apartments	159
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Pool Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

725,000$

Net profit

9,376$

Payback period

61.7 years

Avg property value increase per year

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Promos and discounts for Ravenna

About the project

This beautiful, gated community with a manned gate station features 159 residences inspired by Ravenna, a picturesque town in Italy known for its mosaics. Ravenna blends the vibrancy of the city with the intimacy and charm of a village, just minutes from downtown Houston, The Galleria, and The Energy Corridor. We offer an array of floor plan styles, from traditional two-story plans on estate lots, to three and four story plans on courtyard lots. All with access to our resort-style community pool and spacious dog park.

Developer

LUXURY BY DESIGN Lovett Homes develops design-driven, amenity-rich homes in premium neighborhoods that enhance the lifestyles of our homeow…
Details about Lovett Homes